How much do European retirees earn per month?
While pensioners in Turkey suffer from hunger, misery and misery, pensioners in Europe receive salaries that will allow them to live “like kings.” In addition, it is prohibited for the monthly salary to be less than a certain amount.
Additionally, retirees receive rent and fuel assistance, and even tax assistance for dogs and cats. In this way, the elderly are protected and allowed to live a comfortable life in society.
We examine the situation of retirees in Europe, country by country. Interesting results emerged.
GERMANY
With the latest regulations, the lower limit of retirement income has been increased. Retirees over 65 years of age earn at least 17,814 euros per year; Male retirees will receive a gross pension of at least 25,407 euros. In net terms, the lowest net monthly salary of a retired woman is 1,267 euros; and 1,840 euros for a retired man.
If pensioners’ pensions are lower due to less work or for various reasons, rental assistance is granted. In addition, if you feed a cat or a dog, an aid of 120 euros per year is provided. Vacation allowances and medical expenses are also paid. Those who have worked for 45 years and paid high bonuses can receive a salary of up to 6,500 euros.
HOLLAND
The retirement age is 67 years and increases gradually. Pensioners’ rights are quite good. In the Netherlands, a person is entitled to a basic pension when he or she reaches the age of majority, even if he or she has worked for one year and contributed for only one year. The monthly net income with vacation money is 1,430 euros. Of course, there is no upper limit for full-time employees and those who pay high premiums.
SPAIN
In addition to normal pensions, it is the country with the highest additional pensions. The retirement age for men and women is 67 years. A gross salary of 1,371 euros is paid 14 times a year. The net salary of a pensioner exceeds 1,300 euros. 75 percent of Spaniards own their own home.
ITALY
A retiree receives a pension equal to 90 percent of his or her last income. The retirement age is 67 years and you need to pay premiums for at least 20 years. Retirement insurance premiums are deducted from salaries at a rate of 33 percent.
Italian retirees receive an average salary of 1,359 euros. When high-income groups retire, there is no upper limit on their pensions and they receive high salaries in line with the premiums they pay.
FRANCE
The system is financed by employee and employer premiums. The highest pension can reach 7,000 euros. The monthly linkage rate is 62 percent and will soon be 64 percent.
The average pension is around 1,400 euros. The lowest pension is 1,120 euros. It is being shown in the country because there is a desire to increase the number of years for retirement from 41 to 43.
AUSTRIA
Retirement support premiums are deducted at different rates for each employee segment. The retirement age is 60 for women and 65 for men. After 2033, women will also retire at the age of 65. To calculate the pension, the average of the highest 480 months of the working period is taken.
The minimum pension is 1,110 euros. The maximum pension is limited to 3,477 euros. The average pension for women is 1,192 euros; For men it is 1,917 euros.
ENGLAND
It is the country that pays the least in Europe, but its lowest monthly salary is 1,000 euros. Payment is £203.85 per week. This is why many Brits have “workplace pension fund memberships”. They receive additional pensions with the money they accumulate here.
The British do not rely much on pensions and prefer to invest in houses to sell when they reach retirement age. For this reason, real estate prices in the country always remain high.